XBB.TO vs. FBND
Compare and contrast key facts about iShares Core Canadian Universe Bond Index ETF (XBB.TO) and Fidelity Total Bond ETF (FBND).
XBB.TO and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Core Bd GR CAD. It was launched on Nov 20, 2000. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XBB.TO or FBND.
Key characteristics
| XBB.TO | FBND | |
|---|---|---|
| YTD Return | 3.71% | 2.94% |
| 1Y Return | 10.19% | 9.81% |
| 3Y Return (Ann) | 0.03% | -1.19% |
| 5Y Return (Ann) | 0.63% | 1.17% |
| 10Y Return (Ann) | 2.01% | 2.30% |
| Sharpe Ratio | 1.76 | 1.67 |
| Sortino Ratio | 2.55 | 2.45 |
| Omega Ratio | 1.31 | 1.30 |
| Calmar Ratio | 0.72 | 0.75 |
| Martin Ratio | 6.12 | 6.84 |
| Ulcer Index | 1.69% | 1.45% |
| Daily Std Dev | 5.91% | 5.97% |
| Max Drawdown | -18.16% | -17.25% |
| Current Drawdown | -5.57% | -4.78% |
Correlation
The correlation between XBB.TO and FBND is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XBB.TO vs. FBND - Performance Comparison
In the year-to-date period, XBB.TO achieves a 3.71% return, which is significantly higher than FBND's 2.94% return. Over the past 10 years, XBB.TO has underperformed FBND with an annualized return of 2.01%, while FBND has yielded a comparatively higher 2.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XBB.TO vs. FBND - Expense Ratio Comparison
XBB.TO has a 0.10% expense ratio, which is lower than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
XBB.TO vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Universe Bond Index ETF (XBB.TO) and Fidelity Total Bond ETF (FBND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
XBB.TO vs. FBND - Dividend Comparison
XBB.TO's dividend yield for the trailing twelve months is around 3.20%, less than FBND's 4.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBB.TO iShares Core Canadian Universe Bond Index ETF | 3.20% | 3.01% | 2.91% | 2.54% | 2.55% | 2.80% | 2.92% | 2.83% | 2.81% | 2.87% | 3.04% | 3.32% |
FBND Fidelity Total Bond ETF | 4.57% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% | 0.00% |
Drawdowns
XBB.TO vs. FBND - Drawdown Comparison
The maximum XBB.TO drawdown since its inception was -18.16%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for XBB.TO and FBND. For additional features, visit the drawdowns tool.
Volatility
XBB.TO vs. FBND - Volatility Comparison
iShares Core Canadian Universe Bond Index ETF (XBB.TO) has a higher volatility of 2.53% compared to Fidelity Total Bond ETF (FBND) at 1.57%. This indicates that XBB.TO's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.